by Dan Mitchell | Mar 30, 2017 | Blogs, Taxation
There are many powerful arguments for junking the internal revenue code and replacing it with a simple and fair flat tax. It is good to have lower tax rates in order to encourage more productive behavior. It is good to get rid of double taxation in order to enable...
by Dan Mitchell | Mar 10, 2017 | Blogs, Taxation
The centerpiece of President Trump’s tax plan is a 15 percent corporate tax rate. Republicans in Congress aren’t quite as aggressive. The House GOP plan envisions a 20 percent corporate tax rate, while Senate Republicans have yet to coalesce around a specific plan....
by Dan Mitchell | Feb 25, 2017 | Blogs, Economics, Laffer Curve, Taxation
For more than 30 years, I’ve been trying to educate my leftist friends about supply-side economics and the Laffer Curve. Why is it so hard for them to recognize, I endlessly wonder, that when you tax something, you get less of it? And why don’t they realize that when...
by Dan Mitchell | Feb 8, 2017 | Big Government, Blogs, Taxation
What best symbolizes France’s statist political culture? Is it a bloated public sector that consumes more than half of the economy’s output? Is it a tax system that is so onerous that households sometimes pay more than 100 percent of their income to the government? Is...
by Dan Mitchell | Jan 28, 2017 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
Yesterday was “Australia Day,” which I gather for Aussies is sort of like the 4th of July for Americans. To belatedly celebrate for our friends Down Under, I suppose we could sing Waltzing Matilda. But since I’m a policy wonk with a special fondness for the nation,...
